Quarterly report pursuant to Section 13 or 15(d)

PROPERTY, PLANT AND EQUIPMENT

v3.22.2
PROPERTY, PLANT AND EQUIPMENT
6 Months Ended
Jun. 30, 2022
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT PROPERTY, PLANT AND EQUIPMENT
Presented in the table below are the major classes of property, plant and equipment by category as of the below dates:
As of June 30, 2022
(in thousands) Cost Accumulated Depreciation Net Book Value
Building $ 12,029  $ 849  $ 11,180 
Machinery and equipment 20,891  5,370  15,521 
Leasehold Improvements 2,957  479  2,478 
Fixtures and Furnishings 140  45  95 
Land improvements 150  17  133 
Land 1,150  —  1,150 
Construction in process 315,034  —  315,034 
Total property, plant and equipment $ 352,351  $ 6,760  $ 345,591 
As of December 31, 2021
(in thousands) Cost Accumulated
Depreciation
Net Book Value
Building $ 12,029  $ 695  $ 11,334 
Machinery and equipment 20,016  4,183  15,833 
Leasehold Improvements 2,902  154  2,748 
Fixtures and Furnishings 104  37  67 
Land improvements 150  12  138 
Land 1,150  —  1,150 
Construction in process 193,944  —  193,944 
Total property, plant and equipment $ 230,295  $ 5,081  $ 225,214 
Depreciation expense is recorded within operating costs in the condensed consolidated statements of comprehensive loss and amounted to $0.9 million and $0.5 million for the three months ended June 30, 2022 and
2021, respectively and $1.7 million and $1.0 million for the six months ended June 30, 2022 and 2021, respectively .